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201200798 cnntuiue Yo pay Co Lendec tl�e amount of Chc separately designaCed payments tli�t were duc when 6he insurance coverage ceasod Co be in ePPect, Lender wil] accept, use and rettdn these payments as a non-xefundable loss reserve in lieu oP Mortgnge Insurance. Such loss eeserve shal] be uon-refundable, notwithstanding the faet that tlie Loan is ultimately paid in full, and Lender shall not be required to pay Borrower any interest or earuings on such loss reserve. Lender can nn longer require loss reserve payments if MorCgage Insurance coverage (in fhe amount and Por Yhe period tliat Lender requires) provided by an insurer selected by Lender again bacomes available, is oUtained, aild Lender rcquires separaCely designated paymeuts toward tha peemiums for Morfgage Hisurance. If Lencter requieed Martgage Insurauce 2s a coiidltion of making the Loan and Bonower was required to make sepaz•ately deaignatad p[iyments toward the prcmiums for Mortgage Insurance, Boxrower shall pay Che premiums required to mainUii¢Mortgage Insurflnce in effect, or to provide a non-refundable loss reseive, nutil Lendcr's requirement for Mortgage Insuraiice ends in accordance wiTh any written agreement between Borrower and Lender provldii�g for such tcrmination or until ferminntian is required by Applicablc Law. NothiiTg in tliis Section 10 afPecCs Borrower's obligation to l�ay introresC at' Che rate provided in Yhe Note. MorCgag�e Insuranee reimburses Lendcr (or any entiry Chat purchases the Note) for ccrtain losses ik may incur if Borrower does not �epay Che Loan as agreed. Borrower is not a party to thc Mortgage Ineurance. Mortgage insurers evaluate their total risk on all�such insurance in force from time to 6ime, and may entar into agreements with other paxCies thai' share or mc�dify their rfsk, or reduce losses. T4ese agreements are on terms and wnditions ChaC are satisfactory to the moitgage insurer and the other party (or parYies) to these Figreements. These agreements may require the mortgage insurer to make payments using auy source of funds thttt the mortgage insurer may have available(which may include funds oUtained from Moetgage Insurance preaniums). As a result of these agreements, Lender, any purchaser of[he Note, another insucex, a�ry reinsurcr, any other entity, or any affiliate of any of the forcgoing, may receive(directly or ivdirectly) amounts that derive fr�m (or migh[be characterized as) a porfion of Borrower's payments for Mortgage Insuxance, in exehange for sliaeing or modifying lhe mortgage insurer's risk, ox reducing losses. 1P such agreement provides that ui af'filiate oP Lender takes a share of the insurer's risk in exchange for a share of the premiums paid to the insurar, flie arrangement is often termed "cal�tive reinsurance." Further: (a) Any such agreements will not AfFect the amounts that Borrower has agrecd to pay for MorCgage Insurance, or any otlier terms uf tl�e Loan. Such agreements will not increase Che amount Borrower will owe for MorCgage Insurance, aud tl�ey wlll not e�ititle Borirower to any refand. (bl Avy snch agreen�e�its will �ot afPecC the rights Borrower l�as-if'any- with respect to tlte Mortguge I�isurance under the IIomeowners Pirotectiou Act of 1998 or any ather law. Thesc rights may include the riglit to receive ecrt�in disclosures, to request and outa9n eancellutiou of Ehe �Iortgage Insurance, to have the Mortgage Insurance tei7ninatcd automutically, and/or to receive a rcYund of a�iy Mortgage Insurauce�remiums tliat were nnearued at the Cime of sncli ea�icellation or lermination. 71. Assignment of Miscellaneous Proceeds; Forfeiture. All Miscellancous Proceeds are hereUy nssigned to nnd shall be paid to Lender. If Che Property is dainaged, such Miscellaneous Proceeds shall be applied to restoraCion or repair oP Clie Property, if tl��restorat.ion or repair is economically feasible ai�d Lendcx's securiCy is not]essened. During such repair and restoratiou period, Lender shall have the ri�;h[to hold sueh Miseellaneotts Pcoceeds until I ender has had an opportunity to inspect such Property to ensure the work has been completcd Co I.ender's 24000168 NC�RASKASinflle Femily�Fannie Mae/Freddlo Mac UNIFORM INSTRl1MENT Porm 3028 1/01 VMP� VMP6WF�11105� Wolters ICIUWO�Flnanclol Sorvioes Papo 8 of 1]